- Forte Tech Solutions has completed Australia’s first tokenisation of government bonds, worth US$2 million (AU$3.07 million), under the RBA’s Project Acacia.
- The pilot, conducted with CoinSpot, uses Forte’s AUDF stablecoin and a new on-chain Delivery-versus-Payment framework for near-instant bond settlement.
- Project Acacia brings together regulators, major banks and fintechs to test 20+ real-money use cases for tokenised assets over the next six months.
Forte Tech Solutions has completed Australia’s first tokenised investment in government bonds, a US$2 million (AU$3.07 million) pilot under the Reserve Bank of Australia’s (RBA) Project Acacia. The milestone marks a major step towards the adoption of blockchain-based infrastructure in Australia’s wholesale financial markets.
Project Acacia is a collaboration between the RBA and the Digital Finance Cooperative Research Centre (DFCRC), supported by the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA) and the Treasury. It aims to explore how tokenisation and digital money, including stablecoins and wholesale CBDCs, can transform settlement systems and improve market efficiency.
Working with CoinSpot, Forte Tech Solutions carried out the initial bond tokenisation and established a Delivery-versus-Payment (DvP) settlement framework using its AUDF stablecoin. This enables on-chain trading with near-instant settlement and reduced transaction costs. The company reports that AUDF facilitates roughly $200 million in cross-border payments each month.
Related: a16z: Institutional Adoption and Stablecoins Are Defining Crypto’s 2025 Boom
Inside Project Acacia
Forte’s participation forms part of a broader set of more than 20 pilot use cases within Project Acacia, which includes contributions from banks such as ANZ and Westpac and fintechs like Fireblocks and Canvas Digital. The pilots cover diverse asset classes, from fixed income to carbon credits, and will continue testing over the next six months.
Founder Fadi Kassis said the project illustrates how traditional instruments such as Australian Government Bonds can transition to 24/7 digital markets, enhancing transparency and reducing settlement times.
Project Acacia is an important step in shaping the future of financial markets, and we are proud to be at the forefront of this transformation.
Fadi Kassis, Founder, Forte Tech Solutions & AUDF
Related: Wise Eyes Stablecoins: Fintech Giant Seeks Digital-Asset Lead in London
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